Myth: : external financial reporting quality has a first-order effect on firm value

• Autores: Jerold L. Zimmerman
• Localización: Accounting Horizons, ISSN-e 1558-7975, Vol. 27, Nº. 4, 2013, págs. 887-894
• Idioma: inglés
• DOI: 10.2308/acch-10370
• Texto completo no disponible (Saber más ...)
• Resumen

  • An essay is presented which states that external financial reporting quality (EFRQ) can at the most have a second-order effect on firm value of publicly traded companies in the U.S. The author says that he would be surprised if many managers of these publicly traded firms consider the quality of their external financial reports as a promoter of their firm's value.